Ft Worth "Sale of Champions"

[Frankie]

Fort Worth Stock Show & Rodeo "Sale of Champions" this morning on RFD TV.

Immediately following is the Linthicum sale.

 

[texanstraders]

Prices were WAY down from last year...Just a sign of the times..

 

[TexasBred]

Champion steer brought $140,000 :clap:

 

[HerefordSire]

TB...that $140K surely bought cloning rights also. Correct?

 

[TexasBred]

Hereford, I have no idea. It certainly should have. Also seems several years ago they changed things up at Ft. Worth and the youngster that showed the animal only gets a percentage of the gross sales price (less than 50%) and the organization gets the rest. Doesn't sound right but that's how it is now.

 

[HerefordSire]

If restricted from cloning, how would the buyer recapture the investment? Other shows? Maybe someone with money all of the sudden becomes emotional and makes a remorseful purchase decision?

 

[BRG]

It is an advertising ploy. I believe Coors Distributing made the purchase

 

[HerefordSire]

Now that would make allot of sense (Coors). The seller was at the right place at the right time and got paid allot of money for all that hard work.

 

[Cattleman200]

Immediately following is the Linthicum sale.
Linthicum sold a few Limousin and LimFlex or percentage bulls in his sale also. The top selling Limousin sired bull was out of my herdsire JCL Baxter.


Circle H Ranch

http://www.chrlimousin.com

 

[bigag03]

Also seems several years ago they changed things up at Ft. Worth and the youngster that showed the animal only gets a percentage of the gross sales price (less than 50%) and the organization gets the rest.

Not yet. Houston and San Antonio are both capped I think 50,000 and 35,000 respectively (I could be way off on these numbers but I know they are capped). Ft. Worth is not capped and the seller receives all of the money.

If restricted from cloning, how would the buyer recapture the investment?

That isn't what these sales are about. They are generally bought by businesses or corporations as marketing for "supporting the youth". Then they write-off the purchase price on their taxes.

 

[Frankie]

The top selling steer was bought by the Happy Davis Foundation. Coors bought the Reserve Grand Champion for $100,000. Some of the animals were sent for processing and some were sent to the zoo. If they do this every year, they must have a nice little herd at the Ft Worth Zoo.

http://www.star-telegram.com/news/v-tou ... 91247.html